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PwC fined £5.6m over Babcock audits
The Financial Reporting Council has found some “serious breaches” regarding PwC’s audits for Babcock Group’s FY2018 revenues
PwC has been sanctioned £5.6m by the Financial Reporting Council (FRC) for serious failings on audits of Babcock International Group plc in 2017/2018 as well as for one of its subsidiaries. The two audit partners have also been fined.
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